Avoca Adds Abbey's Holland For North America Push

Apr 27 2012 | 3:53am ET

Avoca Capital Holdings, which last year bought Liontrust Asset Management's credit hedge funds, has hired Abbey Capital's business development chief, with an eye across the Atlantic.

Dublin-based Avoca named Stephen Holland director of sales and marketing. Holland will focus on drumming up business for the asset manager in North America.

"The changing European credit market dynamics brought about by the diminishing role of banks presents a number of opportunities which are finding interest among investors outside of Europe," Clayton Perry, chief operating officer at Avoca, said. "Avoca has seen increasing interest and demand from institutional investors in [North America] for the significant return and diversification opportunities available through the credit markets in Europe."

Holland worked in North America during 13 years at Bank of Ireland Asset Management, prior to being named head of sales at Dublin-based Abbey.

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